Which of the Following Is NOT a Requirement for a Not-For-Profit

question 9

Multiple Choice

Which of the following is NOT a requirement for a not-for-profit organization to record donated materials and services?

• A) The fair value of the donation can be determined.
• B) The organization uses the deferred contribution method of revenue recognition.
• C) The materials or services would normally have been used in the organization's operations.
• D)The not-for-profit organization would have purchased the goods or services if they had not been donated.

---

Definitions:

Differentiation

The process of identifying and emphasizing the unique characteristics or features of something or someone.

Inner Cell Mass

The mass of cells inside the embryonic blastocyst, from which the embryo and eventually the fetus develop.

Endoderm

Cells of the inner cell mass of the embryo that develop into the digestive system and the lungs.

Ectoderm

Cells of the inner cell mass of the embryo that develop into the outer surface of the skin, the nails, part of the teeth, the lens of the eye, the inner ear, and the central nervous system.